STOCK WATCH

FITBUG shares plunged as it revealed revenue had fallen to £1.1m in 2016, from £1.3m the previous year.

The firm makes fitness tracker devices – similar to an Apple Watch or Fitbit – and aims to sell them to businesses, which provide them to employees.

The business managed to cut losses by 42pc to £3.5m after reducing operating costs by almost a third and raising £1m in a share placing in January. Shares in the company dipped 2pc to 0.12p.